NOT LISTED FOR SALE

438 Broadway Lynnfield, MA 01940

Estimated Value: $697,000 - $1,043,000

3 Beds
2.5 Baths
1,968 Sq Ft
$445/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $850,000 $432 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,426/month

86 Days on Market

Highlights

  • Wood Flooring
  • Solid Surface Countertops
  • Porch
  • Lynnfield High School Rated A
  • Home Office
  • Bathtub with Shower

About This Home

As of March 2024

OWNER WANTS TO SELL! Lynnfield! Newly renovated rare two family. New roofs, new vinyl siding, new electric with dimmers. Two new kitchens with new appliances and cabinets. New bathrooms with granite to match throughout the two units. All floors are new tile or hardwood. Freshly painted throughout both units. Newly paved driveway and walkways. New title 5 four bedroom septic system. Separate renovated heated studio that owner can use as a home office or gym. This house is move in ready!

Last Agent to Sell the Property

Charles Raso

Picture Perfect Properties Listed on: 11/10/2023

Last Buyer's Agent

Alexander Colarusso

Colarusso Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,904

Year Built

  • Built in 1930

Lot Details

  • 9,583 Sq Ft Lot
  • Fenced

Parking

  • 1 Car Garage
  • Driveway
  • Open Parking

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 1,968 Sq Ft Home
  • Property has 1 Level
  • Combination Dining and Living Room
  • Home Office
  • Storage
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub with Shower

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Outdoor Features

  • Patio
  • Rain Gutters
  • Porch

Location

  • Property is near schools

Schools

  • Huckleberry Hil Elementary School

Utilities

  • 2 Heating Zones
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • 200+ Amp Service
  • Private Sewer

Community Details

  • 2 Units
  • Shops

Listing and Financial Details

  • Assessor Parcel Number 1983646

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,904

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1930
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Certified Historic
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood, Wood
  • Interior Amenities: Storage, Stone/Granite/Solid Counters, Upgraded Cabinets, Upgraded Countertops, Bathroom With Tub & Shower, Remodeled, Other, Living Room, Dining Room, Kitchen, Office/Den, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Microwave, Refrigerator
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bathrooms: 2.5
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Basement: Full, Interior Entry, Concrete
  • Living Area: 1968
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: NB5008
  • LIST PRICE PER Sq Ft: 456.81
  • PRICE PER Sq Ft: 431.91
  • MAIN SO: AN6830

Exterior Features

  • Exterior Features: Rain Gutters
  • Fencing: Fenced
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Roof: Shingle, Rubber
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Paved
  • Total Parking Spaces: 8

Utilities

  • Sewer: Private Sewer
  • Heating: Baseboard, Natural Gas
  • Electric: Circuit Breakers, 200+ Amp Service, Other (See Remarks)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Shopping, House of Worship, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1983646
  • Zoning: RA
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9583
  • Lot Size Units: Acres
  • PAGE: 66
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6904
  • Tax Book Number: 8265

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2

MLS Schools

  • Elementary School: Huckleberry Hil

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2022
Sold by
Salimbay Dolores C
Bought by
D C Salimbay 2021 Irt and Salimbay
Current Estimated Value
$876,656

Purchase Details

Closed on
Nov 13, 2014
Sold by
Young Leo L
Bought by
Young Leo L and Solimbay Dolores C

Purchase Details

Closed on
May 19, 1986
Bought by
Young Leo L and Solimbay Dolores C
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
D C Salimbay 2021 Irt -- None Available
Young Leo L -- --
Young Leo L -- --
Young Leo L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covino Eugene $595,000
Closed Covino Eugene $595,000
Previous Owner Young Leo L $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2024 03/07/24 Sold $850,000 -5.5% $432 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/24/2024 01/24/24 Price Changed $899,000 -3.2% $457 / Sq Ft
01/12/2024 01/12/24 Price Changed $929,000 -2.1% $472 / Sq Ft
01/03/2024 01/03/24 Price Changed $949,000 0.0% $482 / Sq Ft
01/03/2024 01/03/24 For Sale $949,000 +11.6% $482 / Sq Ft
12/13/2023 12/13/23 Off Market $850,000 -- --
11/25/2023 11/25/23 Price Changed $985,000 -1.3% $501 / Sq Ft
11/10/2023 11/10/23 For Sale $998,000 +75.1% $507 / Sq Ft
07/31/2023 07/31/23 Sold $570,000 -15.6% $290 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
06/03/2023 06/03/23 Price Changed $675,000 -20.6% $343 / Sq Ft
05/15/2023 05/15/23 For Sale $849,900 -- $432 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,890 $747,200 $443,100 $304,100
2024 $7,421 $706,100 $422,000 $284,100
2023 $6,904 $611,000 $350,300 $260,700
2022 $6,578 $548,600 $316,900 $231,700
2021 $6,861 $517,000 $293,600 $223,400
2020 $6,797 $488,300 $264,900 $223,400
2019 $6,425 $461,900 $238,500 $223,400
2018 $6,356 $461,900 $238,500 $223,400
2017 $6,066 $440,200 $216,800 $223,400
2016 $6,144 $423,700 $216,800 $206,900
2015 -- $416,900 $193,500 $223,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73179559

MLS Property Information Network (MLS PIN)

APN: LYNF-000052-000000-001823